Bitcoin have the largest transaction in the cryptocurrency system. The number of Bitcoin transaction grows everyday which result to delay in transaction time (confirmation). For example in 2013, fee for transaction was just a penny and took 1 minute to 10 minutes to complete transaction. In 2017, Bitcoin block got congested took $1 to$4 to perform a transaction and took 1 to 6 hours per transaction in the Bitcoin block.
The Gigablock project will be developing by BitcoinUnlimited, nChain, and the University of British Columbia (UBC). These three developers have come together to design Gigablock which will be launch in the next few years.
Reasons for Gigablock Bitcoin
* Reduce cost of fee for transaction.
* Increase the financial capacity
* Reduce delay of transaction time (confirmatoin)
* Attract more multimillion companies globally
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What do you think Bitcoin future?
I think future is bright and problems, that bitcoin is facing now will be solved. Thanks for great insight ;)
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Nice post my friends Congratulations. I like bitcoin
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